**A New Era in Exchange Value 📈**

Hyperliquid token burn is changing how we evaluate exchanges and their potential value.

Many traders focus solely on price charts, overlooking crucial signals hidden within activity and revenue metrics.

Hyperliquid generates substantial fee revenue despite a stagnant volume landscape 📊

$HYPE token price reflects market sentiment more accurately than the exchange's cash flow performance.

Perpetual futures DEX trading activity reveals a difference between organic and incentive-driven behavior 👀

Crypto token burn effectively reduces supply by utilizing real protocol fees 💸

Hyperliquid led on-chain leverage trading for much of last year, setting it apart from other platforms.